It's tempting to attempt to predict how many credit unions might try to jump to a bank charter in 2013. But that is hard to say. It's easier to observe some trends that came to the fore in 2012 and are likely to continue next year.
The days when credit union board could reliably count on members to vote themselves out of being members have largely ended.
Secretary of Banking Glenn Moyer says new agency unit will help enhance transparency and increase communications in the examination process.
The proposed buyout by GFA Federal Credit Union of a troubled New Hampshire savings bank continues to generate industry interest but with a pivotal question: Can the credit union and bank clear the legal hurdles with the NCUA, the Comptroller of the Currency and the FDIC.
Wisconsin, fast becoming the nation’s battleground for credit union-bank clashes over the tax exemption and CU to bank conversions, erupted anew last week with dueling press releases following a fresh appeal from the banking lobby to Congress tied to the debt crisis.
Dairy State imbroglio over tax exemption continues to heat up.
If credit unions were subject to income taxes, they would lose a key part of what makes them unique, but experts are divided as to whether it would create a stampede of bank conversions.